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Prime . . . . The whole sector took a breath this arvo, once the yanks woke up that was it.
Totally agree with you, The ECB and BOE can stick the word 'Prudent' right where flowers wont grow !
Doubt if we will see much movement until they have the others results sitting on their coffee tables.
Seeing that most anals have been working from home and obviously spending far too much time on Tik Tok.
its always quiet this time of the year, everything will fall into play soon.
IMHO I would far prefer to be building a long than short with Barclays this year, thats for sure.
Regards and GLA
Mr Wolf : ....and now we have the sp falling back , by more than the value of the future dividend! What other company can post results exceeding,by quite a large margin, analysts predictions, show huge percentage gain in profits, show financial stability and great pass financial tests without any bother, suggest spending 1/2 billion on share buy back (they have so much money sloshing around d) and at the end of the day their already crazily low sp (when compared to market valuations) actually falls back? Prudent my @rse!
nuri123a
If you want 10% to 20% rise a day, barc is the wrong investment. You should buy cryptocurrencies instead. LOL
FTSE 100 is totally out of sink with every other one.... this is not a normal reaction to a phenomenal set of results. I have a feeling that profits could have been 10 billion and it still wouldnt move an inch.
Fair comments. my gripe about Barclays is that their top executives (market traders, etc), in line with other banks, don`t seem to have taken any pay hits, as far as I`m aware, yet they`re closing down branches, left, right, and centre.. Many of these branches are very well equipped to deal with some strong, well placed financial people, whom Barclays might regret losing, if they are not careful.
Yes Prime, well put
The results contain the following sentance which suggests a full year dividend of around 6p
Dividends will continue to be paid semi-annually, with the half year dividend expected to
represent, under normal circumstances, around one-third of the total dividend for the year.
Totally agree. The dividend is stingy and it's not as if it is really costing Barclays anything, it's just dividend held over from last year while this year the profits have exceeded the forecasts by a long long way. I think there should be a special dividend, give us our money from last year plus a good slice of the profit from this year so far.. To hell with buyback unless this truely translates into a higher dividend for remaining shareholders. As for the sp improving, well that is obviously great, worth more than the dividend, but only returning the sp to where it should be, in fact it should be much much higher. Just my opinion
Great to see you back Mr Wolf
Good Morning to you, laughingly Im fully aware of the the financial state of Barclays .
Having been invested heavily since the days when my dividend was worth some peoples annual wage.
My point is that 0.02p as a comparable to this mornings results is far from regarding Barclays share holders any respect at all.
Friday the ECB chaired their decision and advised all the banks to be prudent, not take the p1$$ out of the actual people who own it.
Not sure about everyone else on here, but I didn't wake up one morning and think I will buy into Barclays because the Blue Eagle logo looks good lol
Taking the decision to buy Barclays at the time it was due to the fact, it was perceived as solid Bank and paying a decent dividend .
Unknown to the public the debauchery that was really going off in Churchill Place and the next 10 yrs the world investors would frown upon Barclays reaching for QATAR's hand and not the chancellors !
Back on this site just after the dust settled post crash, someone wrote that during the next decade that, Barclays would only ever be a £1 / £2 share. OMG how true they were and others slated them at the time for daring to predict such an outcome.
So please excuse my lack of elation at 0.02p P.S as I was have expected a tad more than that considering these results.
Once again left feeling mugged off and having to explain to Mrs Wolf that she is going to have to make do with a chicken dinner and not lamb chops lol
Trying to look at this in a positive way is that Barclays chart looks really pleasing and hopefully we should all benefit as the SP gains more ground.
Regards W'